Bank Failures in Brief – 2004
There were 4 bank failures in 2004. See detailed descriptions below.
Please select the buttons below for other years' information.
|Total Assets (Millions)||0||12.3||104.4||0||0||46.4||0||0||0||0||0||0|
|Bank Name, City, ST||Press Release
|Closing Date||Approx. Asset
|Acquirer & Transaction|
|Bank of Ephraim, Ephraim, UT||PR-69-2004||June 25, 2004||$46.4||$45.2||Far West Bank, Provo, UT agreed to assume all deposits. (BIF**)|
|Reliance Bank, White Plains, NY||PR-24-2004||March 19, 2004||$30.3||$28.0||Union State Bank, Orangeburg, NY agreed to assume all deposits. (BIF**)|
|Guaranty National Bank of Tallahassee, Tallahassee, FL||PR-21-2004
|March 12, 2004||$74.1||$66.9||Hancock Bank of Florida, Tallahassee, FL agreed to assume all deposits. (BIF**)|
|Dollar Savings Bank Newark, NJ||PR-13-2004||February 14, 2004||$12.3||$9.8||The FDIC has approved the payout of the insured deposits of Dollar Savings Bank of Newark. (SAIF*)|
*SAIF = Savings Association Insurance Fund **BIF = Bank Insurance Fund